IFX Brokers review for South African traders

IFX Brokers is a South African online Forex broker where traditional values and cutting-edge innovation meet.

With the highly popular MetaTrader 4 and MetaTrader 5 platforms, the broker enables online trading of over 200 items across 6 asset classes, making it a one-stop-shop for private and institutional clients.

A quick summary of IFX Brokers would be that it is  a reliable and FSCA-approved broker. Super low spreads, first-rate same-day withdrawals, and helpful customer service are just some of the things that set IFX Brokers apart.

But is this the right Forex broker for you? Learn more about IFX Brokers in this comprehensive review.

IFX Brokers Trading Costs

Spreads with IFX Brokers range from 0.5 pips to 1.6 pips, and commission-free trading is available for most account types.

The IFX VIP account, however, incurs a charge of $6 USD / R90 ZAR for each trade. All three account types (Standard, Premium, and VIP) have a Minimum Deposit of $10 USD and all three have Swap-Fees.

With IFX Brokers, you may deposit and withdraw money quickly and easily using any of the many available ways. The process of making an IFX Deposit is free of charge.

IFX Brokers Accounts

Prospective traders can open one of five real-time Forex trading accounts with IFX Brokers. Options range from “Cent” to “VIP” to “Islamic” to “Standard.” In addition to the 5 different Live Trading account types, IFX Brokers also offers a Demo account.

New traders can access the IFX Sign-Up Bonus offer from their IFX Standard account with a minimum deposit of $10 USD / R160 ZAR. Both the MetaTrader 4 and MetaTrader 5 trading platforms are included with the IFX Standard Account.

IFX Brokers Trading Platform

Traders with IFX Brokers get access to both of the MetaTrader platforms. Outside of the Demo and the Cent accounts, all traders can use either MetaTrader 4 or MetaTrader 5.

Traders can make use of IFX MetaTrader 4’s advanced charting features, cutting-edge management tools, thorough analysis, flexible chart settings, and translation-ready user interface.

Traders can now also access futures and stock market trades with MT5, the successor to MetaTrader 4.

IFX Brokers Deposits and Withdrawals

Depositing funds with IFX Brokers is hassle-free because the broker absorbs all associated costs. Traders can make deposits quickly and easily through their private client area, after which they can choose their preferred payment method.

The myIFXBrokers protected customer area facilitates withdrawals. Clients can add their bank account details for Verification in the protected client area of myIFXBrokers. After confirmation is accomplished, the process can be finalised.

Final thoughts

IFX Brokers is a reliable South African Broker that provides all the tools necessary for successful trading. Traders can choose from a wide variety of account types, with a free deposit bonus for new traders.

IFX Brokers offers competitive trading fees with tight spreads and commission-free trading available on most assets. All traders have access to the full trading suite from MetaQuotes, comprising the most popular trading platforms in the industry.

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